Merchant banks' role
Merchant banks play a vital role in maintaining and restoring the stability of the stock market. Especially in a stock market like ours, their transparent and accountable participation is expected. Their designated duties include issue management, underwriting and signing due diligence certificates keeping to moral principles. Recently, they have allegedly been deviating from their key duties. Violation of rules by them would cast a negative impact on the capital market. Merchant banks should come up with research-based services for the clients so that the stability is restored. They have an important role in increasing the investors' participation through Initial Public Offering (IPO).
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